Southwestern Energy Scores Highest In North American Oil & Gas Industry For Water And Chemical Management Practices
Independent report by advocacy and investment advisory firms also cites Southwestern for best disclosures
SPRING, Texas, April 25, 2019 /PRNewswire/ -- Southwestern Energy Company (NYSE: SWN) today announced that it received the highest score among the 30 largest publicly-traded oil & gas producers in North America in a report by independent advocacy and investment advisory firms assessing water and chemical management practices.
SWN earned the top spot in "Disclosing the Facts 2019: Transparency and Risk in Water & Chemicals Management for Hydraulic Fracturing Operations" released by shareholder advocacy group As You Sow and investment advisory firm Boston Common Asset Management. SWN's place as the top-ranked company was based on a broad set of 25 criteria that examined how oil and gas companies use water and chemicals in their operations.
"Environmental stewardship, including water and chemical management, is a key tenet of our strategy. We are committed to transparency in our operations," said Bill Way, President and Chief Executive Officer, Southwestern Energy. Southwestern Energy has a well-established, comprehensive and thorough management approach to its operations that includes a number of steps to conserve water, reduce air emissions and protect the environment, he explained.
"The company has completed 10 projects that produced a combined fresh water benefit to the environment, where we work and live, totaling over 9 billion gallons in five years. Additionally, SWN received top marks for our practices in implementing and disclosing best methane reduction practices from the same two organizations. SWN has limited methane emissions from its Appalachian assets to 0.057 percent -- which is 96 percent lower than the national average."
As You Sow is a non-profit shareholder advocacy organization that promotes environmental and social corporate responsibility. Boston Common Asset Management is a sustainable investment advisory firm with a focus on corporate performance on environmental, social and governance issues.
About Southwestern Energy
Southwestern Energy Company is an independent energy company engaged in natural gas, natural gas liquids and oil exploration, development, production, and marketing. For additional information, visit our website www.swn.com. For our Corporate Responsibility Report, visit www.swncr.com.
SOURCE Southwestern Energy Company
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